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	<title>Royalty Real Estate</title>
	<link>http://royaltyestate.com</link>
	<description>Prime Real Estate Properties in Dubai</description>
	<lastBuildDate>Tue, 23 Dec 2008 22:35:01 +0000</lastBuildDate>
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		<title>Al Lozy phase one complete</title>
		<description><![CDATA[Bahrain's Ministry of Works and Housing will complete the building work for the first phase of the Al Lozy Housing Project this month, reported the Bahrain Tribune. The development is being constructed on 120 acres of land near to the Allozy Lake, in the west of Hamad Town. The project is being executed in three phases with 921 units, comprising both houses and apartments and costing $65.2m, being completed this month.<br/><a href="http://oas.ameinfo.com/RealMedia/ads/click_lx.ads/www.ameinfo.com/rssnews/123/x25/AME/Nokia_234_En/Nokia_234_En/456" target="_blank"><img src="http://oas.ameinfo.com/RealMedia/ads/adstream_lx.ads/www.ameinfo.com/rssnews/789/x25/AME/Nokia_234_En/Nokia_234_En/369" border="0" width="234" height="120" /></a>]]></description>
		<link>http://royaltyestate.com/content/al-lozy-phase-one-complete/</link>
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		<title>Dar Al Arkan IPO progress</title>
		<description><![CDATA[Samba Financial, the arranger of Saudi Arabian real estate firm Dar Al Arkan's initial public offering (IPO), has said investors had offered 81% of the $888m the company is seeking by last Tuesday, December 4, reported Reuters. The IPO, which offered more than 59m shares, or around 11% of the company's stock, closed yesterday, December 8. The IPO valued Dar Al Arkan at around $8.1bn.]]></description>
		<link>http://royaltyestate.com/content/dar-al-arkan-ipo-progress/</link>
			</item>
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		<title>Al Esayi Tower for Jeddah</title>
		<description><![CDATA[Assaudia Real Estate Development, a wholly owned subsidiary of the Omar K. Al Esayi Group, has unveiled the Al Esayi Tower, a 24 storey development located in the Al Balad area of Jeddah. The tower will include 17 floors of office space as well as two levels earmarked for showroom space and three for parking. Sales of units commences today, December 9, at the Qaser Albahr Alahmar Hotel in Jeddah.]]></description>
		<link>http://royaltyestate.com/content/al-esayi-tower-for-jeddah/</link>
			</item>
	<item>
		<title>Tamweel, EIB deal</title>
		<description><![CDATA[Mortgage provider Tamweel has signed a $463m financing agreement with the Emirates Islamic Bank (EIB). The facility, provided under the shariah compliant Wakala bil Istithmar structure, will be used to fund Tamweel&#039;s growth plans. The transaction follows Tamweel&#039;s closure of a $210m asset-backed securitisation issue, which was placed primarily with European investors.]]></description>
		<link>http://royaltyestate.com/content/tamweel-eib-deal/</link>
			</item>
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		<title>TDIC, Leighton form JV</title>
		<description><![CDATA[Abu Dhabi's Tourism Development and Investment Company (TDIC) has entered into a joint venture agreement with Gulf Leighton, a subsidiary of Australian contracting and engineering firm Leighton International. TDIC will own 51% of the new venture - TDIC-Leighton Contracting - which has been formed to undertake various contracts for the TDIC. Annual revenue of at least $270m is expected in the first year, with a minimum of $1.4bn after five years.]]></description>
		<link>http://royaltyestate.com/content/tdic-leighton-form-jv/</link>
			</item>
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		<title>Leighton wins $746m UAE contract</title>
		<description><![CDATA[Leighton subsidiary Leighton International won a $746 million contract to build a high-rise complex and two hotels in the UAE, reported Heraldsun. The company secured work in Dubai and Abu Dhabi through its 45 per cent-owned associate Al Habtoor Engineering in addition to a $520m contract for the construction of a convention centre in Dubai for the Jebel Ali Free Zone Authority (JAFZA). The JAFZA convention centre will contain a 33-storey office complex and seven-storey hotel and food court.<br/><a href="http://oas.ameinfo.com/RealMedia/ads/click_lx.ads/www.ameinfo.com/rssnews/123/x25/AME/Nokia_234_En/Nokia_234_En/456" target="_blank"><img src="http://oas.ameinfo.com/RealMedia/ads/adstream_lx.ads/www.ameinfo.com/rssnews/789/x25/AME/Nokia_234_En/Nokia_234_En/369" border="0" width="234" height="120" /></a>]]></description>
		<link>http://royaltyestate.com/content/leighton-wins-746m-uae-contract/</link>
			</item>
	<item>
		<title>Shark&#8217; gives facelift to Jumeirah Golf</title>
		<description><![CDATA[Luxury residential golf development Jumeirah Golf Estates has been given a facelift by an announcement of a tie-up with the European Tour. Touring golf pros along with amateur golfers have already proven successful in the development which is made up of four golf courses, called Fire, Earth, Wind and Water, which two of them are designed by golf legend Greg Norman. With the announcement that the European Tour is to establish an international headquarters has added to the appeal to the development. In addition, a season-long tournament - The Race for Dubai - carrying a prize fund of $10m will attract top golfers to Dubai by the end of 2009.]]></description>
		<link>http://royaltyestate.com/content/shark-gives-facelift-to-jumeirah-golf/</link>
			</item>
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		<title>Al Mazaya to invest $1.4bn in Jebel Ali</title>
		<description><![CDATA[Kuwaiti-based property developer Al Mazaya Holding plans to invest Dhs5bn ($1.4bn) to construct buildings in nine plots within the Downtown Jebel Ali project, a masterplanned community being developed by Limitless, Dubai World&#039;s global real estate arm. The plots will occupy two quarters of Downtown Jebel Ali&#039;s four quarters. Al Mazaya plans to build a commercial tower in quarter one, and eight other buildings in quarter four.]]></description>
		<link>http://royaltyestate.com/content/al-mazaya-to-invest-14bn-in-jebel-ali/</link>
			</item>
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		<title>Oqyana reclamation 100% complete</title>
		<description><![CDATA[Reclamation of the Oqyana development, a cluster of 20 man-made islands that spans the Australian and New Zealand islands of &#039;The World,&#039; is now 100% complete and sale of the properties will begin next year, reported Gulf News. Located four kilometres off Dubai&#039;s coastline, the $3.5bn project will feature a cultural centre for performing arts, restaurants, retail outlets, 1,500 berth spaces for yachts, two hotels, 211 villas, 2,000 apartments and 100 water homes.]]></description>
		<link>http://royaltyestate.com/content/oqyana-reclamation-100-complete/</link>
			</item>
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		<title>Nakheel plans two REITs</title>
		<description><![CDATA[Nakheel, a Dubai government-owned property developer, plans to set up two real estate investment trusts next year and may sell shares in them in the UAE, London or Singapore, reported Bloomberg. The firm&#039;s chief executive officer Chris O&#039;Donnell said the first trust, which will own about Dhs1bn ($272m) of residential properties in Dubai, will be set up in the second quarter. The second, an infrastructure and industrial trust with as much as Dhs6bn of assets, will sell shares in the fourth quarter.]]></description>
		<link>http://royaltyestate.com/content/nakheel-plans-two-reits/</link>
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